AKAN vs SYK: Correlation
Measured on weekly returns over the past three years, Akanda Corp. (AKAN) and Stryker Corporation (SYK) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and SYK?
Across a 3-year window, the weekly returns of AKAN and SYK correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.19 over 3 years. Stretching to 5 years gives -0.12, with an annualized covariance of -1175.4 %².
By 3-year correlation, SYK places #19 of the 26 assets tracked against AKAN. The last year tells two different stories: SYK led by 78.0 percentage points, -95.2% for AKAN against -17.2% for SYK. Risk is not evenly split, since AKAN carries 13.3 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AKAN vs SYK: side by side
| AKAN (Akanda Corp.) | SYK (Stryker Corporation) | |
|---|---|---|
| 1-year return | -95.2% | -17.2% |
| 5-year return | -100.0% | +23.8% |
| Volatility (ann.) | 285.6% | 21.5% |
| Beta vs S&P 500 | 2.86 | 0.61 |
| Max drawdown (3Y) | -99.9% | -29.4% |
| Market cap | – | $123.6B |
| P/E (trailing) | – | 34.1 |
| Dividend yield | 0.00% | 1.06% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | AKAN | SYK |
|---|---|---|
| 2022 | – | -7.4% |
| 2023 | -70.5% | +23.8% |
| 2024 | -95.5% | +21.3% |
| 2025 | -90.9% | -1.5% |
| 2026 | -58.9% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and SYK good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AKAN and SYK?
As of 2026-08-27, the correlation of weekly returns between AKAN and SYK is -0.19 over 3 years, -0.37 over 1 year and -0.12 over 5 years.
Is SYK a good diversifier for AKAN?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/akan-vs-syk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/akan-vs-syk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKAN correlations · SYK correlations
